Traders still think a large canola crop?

[charliep]

I should also note that a major theme in this weeks western producter is whether there is enough canola production capability in N.E. Saskatchewan to supply the 2 new crushing plants. A good thing for farmers (particularly local ones).

[agstar77]

Something that may be of interest, if you listen to cramer on cnbc, he has stated that China has stopped importing. They are not ordering cargo ships. He believes this part of the comodity collapse. When they re-enter the market there will be a commodity rebound.

[GreenValley]

Been done using cash advanced from Canola
Board, I think. Just go to elevator and request Cash Advanced for Canola. Will do again this year and lock bin and throw key and open in spring or summer as heard that there is no sunspot for entire August month as it may getting cooling instead of warming. I am in for 16.00/bus, go for wild ride again in spring or summer 2009 not in fall or winter.

[furrowtickler]

Dave, Canola with average yeilds is barely at break even levels now. If it is not priced lock er up in the bin! This is what we (S.F.) and others were talking about, it will get worse yet. Wait it out until Feb and put out $15-16/bus gpo's on it - send a message, do not give it away.

[SASKFARMER3]

Read Allen Johnson's comments. the buyers have backed away hopping farmers need money.

[TOM4CWB]

Sask,et el;

It is all about the black oil.

We have said this for some time.

If oil stablises at around $80/t... Canola will then put bottom in at about $450/t.

Don't blame people who are just responding to s&d market conditions!

It is a good size Canola crop... and quality on average will be down some... but we have been through this on 50% of the years before.

The sunspot reports are bang on... until someone learns how to change the sun... colder & warmer; climate change is a given!

[TOM4CWB]

oops, that was $80/bbl

[cottonpicken]

Were screwed till nov 5.

Then our prices will take off.

IMO.

[furrowtickler]

I think you may be right cotton.

[parsley]

I read Johnston's comments, too, SF3,

I think Johnston will send you a copy of his newsletter, if you email him.

allan@ajagra.com

Some interesting comments the last while, from someone who is actually trading grain.

Parsley

[bgmb]

What happens on nov 5th cotton?

[cottonpicken]

We have had a broad based commodity sell off and a rally in the us dollar.

This all happened right after gold punched a thousand,oil was sky rocketing,the us dollar was falling off a clff,inflation was more widley accepted as out of control,the us housing market became nationalized,the us auto sector is about to be nationalized,the war was about to be expaned into iran(which will not be a cake walk,banks were going broke and being bailed out,etc,etc.

and then boom!

Everything reverses and the opposite happens.

After the crisis of 87,the us government put together a team of people to intervene in the markets to help stabilize things if things started spinning out of control.

They are called the plunge protection team.

No,i'm not making this up.

So WHY has this "thing" happened.

Its an election year.And i believe the election falls on nov 4.